Shareholdings

As at 17 March 2017

Shareholdings

Substantial Shareholders as at 17 March 2017

Shareholdings

Notes
  1. Newest Luck Holdings Limited has a total beneficial interest in 825,739,014 shares, of which 667,739,014 shares are held in the names of nominees.
  2. Mr. Fang Ming holds 100% of the issued share capital of Newest Luck Holdings Limited and is deemed interested in the shares of the Company held by Newest Luck Holdings Limited by virtue of his shareholdings in Newest Luck Holdings Limited.
  3. Total number of shares is held in the names of nominees.
  4. Everbright Hero Holdings Limited holds 100% of the shareholding in Everbright Hero Limited and is therefore deemed under the Securities and Futures Act to be interested in all the shares in the Company held by Everbright Hero Limited.
  5. Everbright Hero, L.P. holds 100% of the shareholding in Everbright Hero Holdings Limited which in turn holds 100% of the shareholding in Everbright Hero Limited. Everbright Hero, L.P. is therefore deemed under the Securities and Futures Act to be interested in all the shares in the Company held by Everbright Hero Limited.
  6. Everbright Hero LP Limited holds a majority shareholding interest in Everbright Hero, L.P. Everbright Hero, L.P. in turn holds 100% of the shareholding in Everbright Hero Holdings Limited which in turn holds 100% of the shareholding in Everbright Hero Limited. Everbright Hero LP Limited is therefore deemed under the Securities and Futures Act to be interested in all the shares in the Company held by Everbright Hero Limited.
  7. Aerial Victory Limited holds 100% of the shareholding in Everbright Hero LP Limited. Everbright Hero LP Limited holds a majority shareholding interest in Everbright Hero, L.P. Everbright Hero, L.P. in turn holds 100% of the shareholding in Everbright Hero Holdings Limited which in turn holds 100% of the shareholding in Everbright Hero Limited. Aerial Victory Limited is therefore deemed under the Securities and Futures Act to be interested in all the shares in the Company held by Everbright Hero Limited.
  8. China Everbright Venture Capital Limited is the sole Class A shareholder with, amongst others, the voting rights and power to appoint directors of State Alpha Limited and is therefore deemed under the Securities and Futures Act, Chapter 289 of Singapore to be interested in the shares in the Company held by State Alpha Limited.
  9. China Everbright Limited ("CEL") holds 100% of the shareholding in Aerial Victory Limited and China Everbright Venture Capital Limited. CEL is therefore deemed under the Securities and Futures Act to be interested in all the shares in the Company held by Aerial Victory Limited and China Everbright Venture Capital Limited. CEL, a company incorporated in Hong Kong and listed on The Stock Exchange of Hong Kong Limited ("SEHK"), operates in accordance with the Companies Ordinance, SEHK's Listing Rules and any other applicable laws and regulations.

    China Everbright Group Ltd. ("CEG") is the single largest shareholder of CEL, indirectly holding 49.74% of CEL's shares.

    Central Huijin Investment Ltd. ("Central Huijin"), a state-owned investment company incorporated in China in accordance with China's Company Law, holds 55.67% of the shares in CEG and is deemed to have an interest in the shares in which CEG has an interest. Central Huijin is mandated to exercise the rights and the obligations as an investor in major state-owned financial enterprises, on behalf of the State, and does not intervene in the day-to-day business operations of the firms, including CEG, in which it invests. China Investment Corporation ("CIC") holds the shares of Central Huijin in accordance with relevant directive issued by the State Council. The investment business of CIC and the share management function conducted on behalf of the State Council by Central Huijin are completely separated.

    Accordingly, only CEL and its associates as defined under Chapter 9 of the listing manual of the Singapore Exchange Securities Trading Limited ("SGX-ST Listing Rules"), are considered controlling shareholders of the Company and to be interested persons (in the event of any transactions) under the Securities Futures Act, the Fourth Schedule to the Securities and Futures (Offers of Investments)(Shares and Debentures) Regulations 2005 FR and the SGX-ST Listing Rules.

Twenty Largest Shareholders

Shareholdings

Percentage of Shareholding in Public's Hands

41.07% of the Company's shares are held in the hands of public. Accordingly, the Company has complied with Rule 723 of the Listing Manual of the SGX-ST .